Study On Internal Control Countermeasures Of NT Group Company To Its Mixed Ownership Subsidiary

Since the reform and opening up,under the correct leadership of the party and the state,state-owned economy has been growing and becoming an important force in China’s economic development.With the development of economic globalization and market diversification,the economic competition is more and more fierce,and the ways and boundaries of state-owned economic competition and cooperation are also constantly innovated and adjusted.In the new journey of building socialism with Chinese characteristics in the new era,economic development has entered a new normal.Faced with the new economic situation and the development situation of enterprises,state-owned enterprises should gradually change from the pursuit of quantity to the pursuit of quality,which forces state-owned enterprises to carry out thorough reform.Under such circumstances,the development of mixed ownership economy is conducive to further efforts to optimize and enlarge and strengthen the state-owned economy,so as to promote further effective integration of state-owned enterprises and market economy and improve the quality and efficiency of the country’s overall economy.Therefore,in the current and future period,the reform of mixed ownership has become one of the important measures and breakthroughs to deepen the reform of state-owned enterprises.How to break through the reform,how to develop the mixed ownership enterprises,how to effectively control the mixed ownership enterprises and how to get the implementation path through are the core problems that entrepreneurs have been trying to explore and study,and also the problems that enterprise groups must solve in order to pursue the maximization of interests.This paper will take NT Group Corporation,a provincial state-owned enterprise,as the research object and use the case analysis method to conduct a systematic and in-depth study on its internal control,especially the internal control of its mixed-ownership subsidiaries.This paper firstly introduces the basic concepts and connotations of the internal control of state-owned enterprise groups,group internal control and mixed ownership enterprises,and expounds the related theories of internal management,such as principal-agent,problem management,transaction cost and investor protection;then introduce the group company basic situation,equity structure and so on.On this basis,this paper systematically expounds the current situation,causes and risks of NT Group headquarters’ internal control over subsidiaries,especially the mixed-ownership subsidiaries.Finally,the paper puts forward the corresponding countermeasures.The countermeasures are mainly divided into four steps: first,to clarify the basic idea of management and control,to do a good top-level design;second,optimize the management and control mode and clarify the control boundary;third,improve the corporate governance structure and modern enterprise system;fourth,we need to improve the specific means of control and enhance the capability of control.It is hoped that the research in this paper can effectively improve the management and control capability,governance level and operation efficiency of NT group,and ultimately help NT group to be invincible in the ever-changing market competition and achieve the goal of high-quality development.At the same time,it is also hoped that a series of countermeasures and suggestions put forward can promote the implementation of effective internal control and empirical research on enterprises of the same industry or type in practice,so as to improve the comprehensive competitiveness of state-owned enterprises and promote the sustainable development of the economy of state-owned enterprises.